Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 8,927 people, 3,466 houses or apartments, and a median cost of homes of $171,031, house prices in Chillicothe are solidly below the national average.
Single-family detached homes are the single most common housing type in Chillicothe, accounting for 77.98% of the city's housing units. Other types of housing that are prevalent in Chillicothe include duplexes, homes converted to apartments or other small apartment buildings ( 11.80%), mobile homes or trailers ( 5.06%), and a few large apartment complexes or high rise apartments ( 2.83%).
The most prevalent building size and type in Chillicothe are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 51.95% owning and 48.05% renting.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Chillicothe's housing was primarily built during this period, from the '40s through the '60s. A full 46.14% of the city's housing hails from this era. Other housing ages represented in Chillicothe include homes built between 1970-1999 ( 31.22%) and housing constructed before 1939 ( 13.74%). There's also some housing in Chillicothe built between 2000 and later ( 8.90%).
Vacant housing appears to be an issue in Chillicothe. Fully 14.06% of the housing stock is classified as vacant. Left unchecked, vacant Chillicothe homes and apartments can be a drag on the real estate market, holding Chillicothe real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
Chillicothe's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Chillicothe during the period has been just 4.99%, which is lower than 80% of US communities.
Over the last year, Chillicothe appreciation rates have trailed the rest of the nation. In the last twelve months, Chillicothe's appreciation rate has been -3.05%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Chillicothe were at -0.73%, which equates to an annual appreciation rate of -2.89%.
Notably, Chillicothe's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Missouri, our data show that Chillicothe's latest annual appreciation rate is lower than 90% of the other cities and towns in Missouri.
$171,031
for Missouri
for nation
3,466
$1,256 / per month